A sharp drop in oil prices dragged the energy sector lower and kept the Dow and SP 500 near the unchanged mark on Wednesday, while gains in technology stocks lifted the Nasdaq.

Crude prices fell more than 3 percent, ending their longest bull run in more than five years, hurt by a stronger dollar and concerns about rising OPEC exports.

“Energy I have a real hard time getting excited about,” said Robert Phipps, director at Per Stirling Capital Management in Austin, Texas.

“The technology has come along where the cost of production just keeps coming down and down.”

Shares of Exxon (XOM.N) and Chevron (CVX.N) fell by more than 1 percent and were among the biggest drags on the Dow and SP. The SP energy index lost 2.1 percent and was the worst performing out of the 11 major SP sectors.

A recent set of tepid economic data and an inflation rate below the U.S. central bank’s 2 percent target may have a bearing on the Federal Reserve’s plans for interest rate hikes.

New orders for U.S.-made goods fell more than expected in May, data showed on Wednesday, but capital equipment orders were slightly stronger than previously reported, suggesting the manufacturing sector remained on a path of moderate growth.

Fed policymakers were increasingly split on the outlook for inflation and how it will affect the future pace of rate increases, according to minutes of the Fed’s latest policy meeting on June 13-14.

“We’ve gotten a little bit of weaker economic data of late and we seem to have deflation starting to set in. That does call into question whether or not we are going to see as aggressive a Fed as they are telling us to expect,” said Phipps.